Kroger 2013 Annual Report Download - page 17

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15
IN F O R M A T I O N C O N C E R N I N G T H E B O A R D O F D I R E C T O R S
CO M M I T T E E S O F T H E B O A R D
The฀ Board฀ of฀ Directors฀ has฀ a฀ number฀ of฀ standing฀ committees฀ including฀ Audit,฀ Compensation฀ and฀
Corporate฀Governance.฀All฀standing฀committees฀are฀composed฀exclusively฀of฀independent฀directors.฀All฀Board฀
committees฀have฀charters฀that฀can฀be฀found฀on฀our฀corporate฀website฀at฀ir.kroger.com฀under฀Guidelines on
Issues of Corporate Governance.
The฀table฀below฀provides฀the฀current฀membership฀of฀our฀independent฀directors฀on฀each฀of฀the฀standing฀
committees฀of฀our฀Board฀of฀Directors.
Name
Audit
Committee
Compensation
Committee
Corporate
Governance
Committee
Financial
Policy
Committee
Public
Responsibilities
Committee
Reuben฀V.฀Anderson x x
Robert฀D.฀Beyer Chair x
Susan฀J.฀Kropf x x
David฀B.฀Lewis x x
Jorge฀P.฀Montoya x Chair
Clyde฀R.฀Moore Chair x
Susan฀M.฀Phillips x x
Steven฀R.฀Rogel x x
James฀A.฀Runde x Chair
Ronald฀L.฀Sargent Chair x
Bobby฀S.฀Shackouls x x
During 2013, the Audit Committee met five times, the Compensation Committee met four times, and
the฀ Corporate฀ Governance฀ Committee฀ met฀ two฀ times.฀ The฀ Audit฀ Committee฀ reviews฀ financial฀ reporting฀
and accounting matters pursuant to its charter and selects our independent accountants. The Compensation
Committee฀recommends฀for฀determination฀by฀the฀independent฀members฀of฀our฀Board฀the฀compensation฀of฀the฀
Chief Executive Officer, determines the compensation of Kroger’s other senior management, and administers
some of our incentive programs. Additional information on the Compensation Committee’s processes and
procedures for consideration of executive compensation are addressed in the Compensation Discussion and
Analysis฀below.฀The฀Corporate฀Governance฀Committee฀develops฀criteria฀for฀selecting฀and฀retaining฀members฀
of฀the฀Board,฀seeks฀out฀qualified฀candidates฀for฀the฀Board,฀and฀reviews฀the฀performance฀of฀the฀Board฀and,฀
along฀with฀the฀other฀independent฀board฀members,฀the฀CEO.
DI R E C T O R N O M I N A T I O N S
The฀ Corporate฀Governance฀Committee฀will฀ consider฀shareholder฀recommendations฀ for฀nominees฀ for฀
membership฀on฀the฀Board฀of฀Directors.฀If฀shareholders฀wish฀to฀nominate฀a฀person฀or฀persons฀for฀election฀
to฀the฀Board฀of฀Directors฀at฀our฀2015฀annual฀meeting,฀written฀notice฀must฀be฀submitted฀to฀the฀Company’s฀
Secretary,฀and฀received฀at฀our฀executive฀offices฀not฀later฀than฀January฀14,฀2015.฀Such฀notice฀should฀include฀the฀
name,฀age,฀business฀address฀and฀residence฀address฀of฀such฀person,฀the฀principal฀occupation฀or฀employment฀
of฀such฀person,฀the฀number฀of฀shares฀of฀the฀Company฀owned฀of฀record฀or฀beneficially฀by฀such฀person,฀and฀
any฀ other฀ information฀ relating฀ to฀ the฀ person฀ that฀ would฀ be฀ required฀ to฀ be฀ included฀ in฀ a฀ proxy฀ statement฀
relating฀to฀the฀election฀of฀directors.฀The฀Secretary฀will฀forward฀the฀information฀to฀the฀Corporate฀Governance฀
Committee฀for฀its฀consideration.฀The฀Committee฀will฀use฀the฀same฀criteria฀in฀evaluating฀candidates฀submitted฀
by฀shareholders฀as฀it฀uses฀in฀evaluating฀candidates฀identified฀by฀the฀Committee.฀These฀criteria฀are:
•฀ Demonstrated฀ ability฀ in฀ fields฀ considered฀ to฀ be฀ of฀ value฀ in฀ the฀ deliberations฀ of฀ the฀ Board,฀ including฀
business฀management,฀public฀service,฀education,฀science,฀law,฀and฀government;
•฀ Highest฀standards฀of฀personal฀character฀and฀conduct;